Ecofibre has reported a pre-tax loss of almost A$25 million in the first half of the 2023 financial year after booking an impairment charge of $12.2m for assets in its Ananda Health and Hemp Black divisions.
The write-offs, totalling $6.5m and $5.7m respectively, follow Ecofibre’s decision to close one production line of its Hemp Black operation, while reflecting reduced CBD extraction at its facility in the US.
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